Land For Sale

1 Lot Available

Lot 1

Price:

$7,600,000

Lot Size:

6.50 AC

Price/AC:

$1,169,230.77

Lot Type:

Commercial/Other (land)

Description

****Seller has decided to reduce the price by......1,900,000.********

Marcus and Millichap is pleased to bring to market six and a half acres of commercial land located at 402 & 505 East 10th Street and 450 East 9th Street in Gilroy, California. The property is ideally situated at the intersection of Highway 101 and Highway 152; a main trucking route and thoroughfare from Northern California to Southern California. The subject property benefits from traffic counts of over 125,000 vehicles a day. The offering consists of two industrial buildings (11,230 square feet and 1,260 square feet) and one strip retail building (8,680 square feet) on six and a half acres of commercial land. The property benefits from direct access to Highway 101 and Highway 152. Additionally, the property is well-served by its close proximity to national retail establishments such as: Costco, Target, Sports Authority, Old Navy, Best Buy, Petsmart, Kohl' s, Target and Walmart. These national tenants provide significant drawing power to the area in addition to its location directly off the highway. The subject property is perfectly positioned for commercial development for national retail tenants.

The City of Gilroy is highly supportive of commercial retail development at the location of the subject property. Prospective buyers will have to meet with the City to determine the parameters of such a development. However, 402 & 505 East 10th Street and 450 East 9th offers an excellent development opportunity with the backing of the City.

The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P